Bloomberg News

Sub-Saraha Africa Stocks: NIC Bank Kenya, State Bank Mauritius

May 16, 2012

The Nigerian Stock Exchange All-Share Index (NGSEINDX) rose 0.5 percent to 22,524.67 in Lagos, according to an e- mailed statement from the bourse.

Kenya’s All-Share Index (NSEASI) slid 0.1 percent to 63.67 in Nairobi. The FTSE/Namibia Overall Index (FTN098) increased 0.8 percent to 885.44 in Windhoek. Mauritius’s SEMDEX Index (SEMDEX) rose 0.7 percent to 1,821.15 in Port Louis.

The following shares were active in sub-Saharan Africa, excluding South Africa. Stock symbols are in parentheses.

NIC Bank Ltd. (NICB) , a Kenyan lender, gained for a sixth day, increasing 9.1 percent to 36 shillings, the highest close since Aug. 5, after shareholders approved a bonus offer and rights issue that will fund expansion into Uganda.

State Bank of Mauritius Ltd. (SBM MP), the country’s second-biggest lender by market value, jumped 5.6 percent, the most since Aug. 10, to 85 rupees after announcing third-quarter profit surged.

To contact the reporter on this story: Chris Kay in Lagos at ckay5@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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